New US sanctions show the hollowness of President Donald Trump: Iran

New US sanctions show the hollowness of President Donald Trump: Iran”

Meanwhile, Iran also rejected the idea of having wider global talks about its nuclear and military ambitions. The new measures follow a round of sanctions imposed last month that targeted Iran's export revenues from industrial metals.

While Iran rejected the allegation, the Trump administration sent a United States naval strike group to the Gulf as a show of strength that aimed to send a "clear and unmistakable message to the Iranian regime".

Iran rejected French calls for wider worldwide talks over its nuclear and military ambitions, saying on Friday it would only discuss its existing 2015 atomic pact with world powers, Iranian state television reported.

An Iranian Foreign Ministry spokesman slammed the latest US action.

"Only week-long patience proved the USA president's void assertion that he was willing to hold talks with Iran", Anadolu News Agency quoted Foreign Ministry spokesperson Abbas Mousavi citing state-run IRNA.

Accusing the Trump administration of "economic terrorism", Iran's foreign ministry said Saturday that the latest sanctions imposed by President Donald Trump demonstrate that the not serious about pursuing negotiations regarding Iran's nuclear power.

Treasury's Office of Foreign Assets Control sanctioned Persian Gulf Petrochemicals Industries Company over its ties to Khatam al-Anbiya, an arm of the IRGC, the department said in a statement on Friday. The company represents 40 percent of Iran's petrochemical production and 50 percent of exports, the OFAC said.

"By targeting this network we intend to deny funding to key elements of Iran's petrochemical sector that provide support to the IRGC", said Treasury Secretary Steven Mnuchin.

The company has awarded engineering, procurement and construction contracts to Khatam al-Anbiya, creating hundreds of millions of dollars in revenue for the IRGC, according to Treasury.

Trump has ramped up sanctions on Tehran since he pulled the USA out of the 2015 Iran nuclear deal, under which Tehran curbed its nuclear programme in return for an easing of most worldwide sanctions.

The administration designated the corps a "foreign terrorist organization" last month, the first time it has ever done so for a foreign governmental agency.

In April, the USA announced it will not renew waivers it previously extended to the largest buyers of Iranian crude, which previously shielded them from U.S. sanctions against Iranian energy export.

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